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Well-Being and Social Capital: Welfare, Work and Community

Well-Being and Social Capital: Welfare, Work and Community. Presented by: John Helliwell UBC and Bank of Canada St John’s November 16,2003. Subjective Well-Being Life Satisfaction From the WVS. Outline. Employment and welfare: local, national and global

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Well-Being and Social Capital: Welfare, Work and Community

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  1. Well-Being and Social Capital: Welfare, Work and Community • Presented by: • John Helliwell • UBC and Bank of Canada • St John’s • November 16,2003

  2. Subjective Well-Being Life Satisfaction From the WVS

  3. Outline • Employment and welfare: local, national and global • Lessons thus far: SSP worked, engagement trumps dollars • Social capital and well-being • Next steps: implement, experiment, broaden, monitor

  4. Effects of Age on Well-Being • OECD above • Developing below

  5. What’s Social Capital? • “..networks, together with shared norms, values, and understandings that facilitate co-operation within and among groups” (OECD 2001) • Created among and in: • Families • Community Groups and Churches • Neighbourhoods • Workplaces and Schools

  6. Types of Social Capital • Bonding, among those with much in common • Bridging, connecting those with, at least initially, less in common • The two types tend to be found together, i.e. families, friends and community links go together. • But sometimes one type is used more if another is lacking

  7. Engagement… • Improves health • Improves subjective well-being • Generate benefits for others

  8. good workplaces help… • Along with other types of social capital: • To improve measures of subjective well-being • To improve subjective measures of health • To reduce illness and death rates, including suicides

  9. Implications for Welfare to Work • Cost/Benefit analysis should include well-being • Well-being effects of unemployment very large • Hence need to evaluate net employment effects • Monitor social capital and well-being, on jobs too • Include engagement and training in experiments • Examine differential impacts on groups at risk

  10. Effects of Family Status on Subjective Well-Being

  11. Income, Health, and Unemployment Effects on Well-being

  12. Effects of Relative Income on Well-Being • OECD below • Developing above

  13. Social Capital Individual Level Effects

  14. Social Capital National Level Effects

  15. Suicide, Life Satisfaction and Social Capital • Suicide suicide SWB suicide SWB suim suif • Membership -6.08 0.51 -2.82 0.34 -4.02 -1.91 [2.45] [2.80] [1.26] [2.15] [1.15] [1.46] • Trust -16.47 1.83 -18.25 1.93 -33.84 -4.45 [2.42] [4.01] [2.87] [4.95] [3.36] [1.16] • God -22.82 1.6 -16.87 1.28 -20.02 -14.27 [5.35] [5.01] [4.78] [3.74] [3.39] [6.88] • Divorce 4.29 -0.19 3.44 -0.14 6.29 0.97 [5.37] [4.01] [5.20] [3.39] [5.48] [2.91] • Unemp rate 0.11 -0.03 0.07 -0.03 0.15 0 [0.58] [3.23] [0.39] [2.86] [0.55] [0.02] Govt Quality -1.66 0.82 -2.9 0.88 -6.13 -0.22 [1.71] [10.31] [2.79] [12.81] [3.71] [0.34] Latitude 0.3 -0.02 0.64 0 [3.88] [2.24] [4.85] [0.10] • R-squared 0.6 0.81 0.65 0.83 0.69 0.53

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